Holt is the Caterpillar heavy equipment and engine dealer for 118 counties in Texas.

Caterpillar "sold it to a company that provides them with service. That is Holt Texas," Nobles said.

“The city did a very good job of allaying any fears that the company might have had about issues related to the city, getting permits from the city and their fear of delay in that process,” she said. KEDC also offered incentives.

The company aims to employee at least 36, but the number could rise to 50.

"We did not tie our money to jobs with this contract, we tied our money to them occupying the building, making a minimum of $500,000 in improvements to the building and beginning to operate their business out of it,” Nobles said.